{"id":521,"date":"2022-12-20T12:24:29","date_gmt":"2022-12-20T12:24:29","guid":{"rendered":"https:\/\/www.nginx.yourhomekart.in\/news\/?p=521"},"modified":"2023-01-04T06:35:12","modified_gmt":"2023-01-04T06:35:12","slug":"hdfc-banks-lending-rate-is-increased-by-35-basis-points-to-8-65-percent","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/news\/hdfc-banks-lending-rate-is-increased-by-35-basis-points-to-8-65-percent\/","title":{"rendered":"HDFC Bank\u2019s Lending Rate Is Increased By 35 Basis Points To 8.65 Percent"},"content":{"rendered":"<p><span style=\"font-weight: 400\">During regulatory filing, the bank officials said \u201cThe housing loan\u2019s retail prime lending rate is increased by 35 bps to 8.65 % onwards.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Since May, HDFC has increased its lending potential by 225 basis points.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At present, the repo rate is around 6.25% which is similar to the pre-pandemic time.<\/span><\/p>\n<p><span style=\"font-weight: 400\">HDFC Bank clarified that \u201cthe new rate of 8.65% will be applicable for borrowers with a credit score of around 800 or more. And this is the lowest assigned rate in the industry at present.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The SBI bank\u2019s lowest lending rate is the leading market rate and it makes the home loan AUM of over Rs. 6 lakh crore. It provides a rate of 8.75% for the ones who have credit scores of 750 plus. This rate is especially decided as an ongoing festival offer and it will end on January 31, 2023. However, the SBI bank\u2019s usual rate is 8.90% for the ones with a credit score of 800 plus.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Whereas, the festival offer rate provided by the ICICI bank is 8.75% for those with a credit score of 750 plus. And this offer ends on December 31, 2022. The usual rate of ICICI Bank is 8.95% onwards.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During regulatory filing, the bank officials said \u201cThe housing loan\u2019s retail prime lending rate is increased by 35 bps to 8.65 % onwards.\u201d Since May, HDFC has increased its lending potential by 225 basis points. At present, the repo rate is around 6.25% which is similar to the pre-pandemic time. HDFC Bank clarified that \u201cthe [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[109,107,108,110,111],"class_list":["post-521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pan-india","tag-finance-updates","tag-hdfc","tag-hdfc-bank","tag-sbi","tag-sbi-bank"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/comments?post=521"}],"version-history":[{"count":0,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media\/744"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media?parent=521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/categories?post=521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/tags?post=521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}